Month in Review: August

Welcome to Month in Review, where the team behind STASIS shares our updates from the past month, as well as some thoughts on key issues for the stablecoin space.

The Month in Review is originally distributed each month as a newsletter. You can sign up to receive it here.

Custodians and law firms

There are several types of risk that retail investors are not always concerned about, but that institutions take very seriously. One of them is the custody risk; while retail investors may prefer holding bitcoin in wallet applications on their iPhones, institutionals need to be confident that their private keys will not be lost and their wallet will not be hacked.

Another issue is the legal risk: institutional investors want to operate within a clear and specific legal framework. This is the reason why we, at STASIS, are building an ecosystem around our stablecoin EURS and our tokenization services.

STASIS has partnered with various trusted custodians (BitGo, Kingdom Trust, Prime Trust are some examples), and with authentic legal firms as Ganado advocates, Tiang & Partners, DWF all over the world in order to minimize the risk for a wide range of investors.

Feeless transactions

In June, it has been one year since the first emission of EURS. In order to celebrate, we have authorized 5,000 EURS feeless transactions, cutting off the usual 0,5 EURS fee.

As we have observed a high interest from our users, we decided to keep all the EURS transactions feeless. Therefore, from now on, you can continue transacting on chain, a euro pegged stablecoin, with 0 commissions, if the transaction is initiated from STASIS stablecoin wallet. Otherwise, gas fees will apply.

EURS elevated

One of STASIS’s aims is to ensure EURS users with easy, genuine and fast transactions. For this reason, we started a new collaboration with Cyclebit. Cyclebit POS terminal accepts crypto, cards and cash and allows in store cryptocurrency transactions. One can pay for goods and services with EURS and receive a paper receipt to confirm the purchase. It takes less than a minute to process the transaction with EURS. You can watch here how a transaction takes place. Moreover, EURS is now supported by Swap Online — a decentralized exchange protocol that adopts Atomic Swap technology for fast, simple cross-chain P2P transactions. Also, it allows performing instant cross-chain exchanges with no need for KYC and registration.

New EURS trading pair on Globitex

This month we have added BTC/EURS trading pair on Globitex. Globitex is a global Bitcoin exchange, which allows you to open a personal IBAN account within the crypto exchange platform. This grants Europeans a new method to access EURS. Besides, it allows EURS users to buy their first ever cryptocurrency.

Worth reading

“I want EURS to challenge the U.S. dollar as a global currency” Gregory Klumov

The U.S. dollar has always been the world’s leading reserve. STASIS’s CEO, Gregory, intends to change the global hegemony and the way the United States deals with everyone who is touching dollars, moving dollars, trading with dollars. By which means? Check it out by accessing Adam West’s article.

Worth watching

Do you want to learn more about EURS stablecoin, and about STASIS’s next product? Check out Gregory’s interview with the AIBCsummit. Also, in case you missed Gregory’s TEDx talk about how blockchain technology can help quantify our trust in financial institutions, access it here.

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